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20 Melaringa
El Prado, NM 87529
$900,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2505
Property Description
This property has it all! Spacious Jack Twitty 2002 custom built two story Pueblo style house sited on 2.5 pastoral acres with wrap around Sangre de Cristo mountain views from Truchas Peaks to Taos Mountain and beyond. 2505 square feet 2X8 premiere, energy efficient construction with three bedrooms, three and a half bathrooms. Walls have R-26 and ceilings R-30 insulation. No sweat with this one; there is evaporative cooling in the central Living Area! Open floorplan flows with 2123 of the square feet area downstairs and upstairs a 382 square feet fun kids bunk room with half bath, bed and bunk alcoves, and Trex deck balcony overlooking Taos Valley. Living Area features impressive vigas and herringbone tongue and groove raised ceilings, wood plank floors, and rough cut stacked quartz gas powered fireplace surround. Dining Area windows are focused on majestic mountain views. Cook’s kitchen with eat-in bar features granite counters, custom cabinetry, Viking range, Asko dishwasher and KitchenAid fridge. Smart built-in open mud room off back door includes bench, wall hooks and office nook. Primary bedroom opens onto back portal and features ensuite his and hers bathrooms featuring soaking tub, and separate closets, sinks toilets, and showers. Separate Guest Room with ensuite bathroom has access to a private flagstone patio. Tasteful designer specified finishes include custom cabinetry, counters, tile and wood plank flooring throughout the house. Living Area fireplace, Primary Bedroom and Bunk Room woodstoves are all gas powered and operated with switches. In floor radiant heating. Reliable cell service and high speed Internet available on site. GPS: 36.44452012094719, -105.61969017372131. The attached oversized one car garage is 462 square feet. Mature trees and established gardens with pathways surround the house and complement a 220 square foot hot tub patio courtyard and a 250 square feet portal. Ample guest parking includes a circle drive at the entrance. Nearly entirely fenced with wire fencing. Bring your horses! There is a 38’X16” two stall barn with tack room. Or raise your own food or livestock. Other than a prohibition of mobile/modular construction, this property is only restricted by your imagination. Well permits three acre feet per annum. Impressive short term rental history. Sold turn key with all furnishings and ready to move in. From the striking bricked entry portal to the multiple private outdoor spaces, this is a distinctive retreat with expansive views and privacy, yet minutes from Taos Plaza or the Ski Valley Road.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
110703
Location
Address
20 Melaringa
City
El Prado
State
NM
Zip Code
87529
County
TAOS
Listing
Provider
High Country Real Estate Services, original listing
Name
High Country Real Estate Services
Phone
(575) 758-2723
Office Name
High Country Real Estate Services Inc
Office Phone
(575) 758-2723
Agent Name
Sharon Bumpas Gilster,CRS

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.